BELLAIRE, Texas--(BUSINESS WIRE)--First Surgical Partners, Inc.(OTC:FSPI) ("First Surgical"
or the "Company"), an ambulatory surgery center and acute care hospital
company, today announced that it is currently considering a
going-private transaction whereby the Company would cease to be a public
reporting company and its shares would no longer be traded on any
exchange and/or quotation system. To this end, the Company previously
elected Messrs. Douglas Cole and Michael Toups to its Board of Directors
and appointed them to a Special Committee created for the sole purpose
of exploring this transaction as well as various alternative
transactions. The Special Committee has determined that a going-private
transaction is the best option for the Company and its stockholders and
engaged a financial adviser to provide both a valuation of the Company
and a fairness opinion in connection with a going-private transaction.
Such a transaction would be contingent upon certain customary closing
conditions, including obtaining the necessary financing to fund payment
of any merger consideration to the non-continuing stockholders.

Shareholder Dividend

First Surgical’s Board of Directors has declared a quarterly cash
dividend of approximately $0.0134 per share on the Company's common
stock, to be paid on October 9, 2012 to stockholders of record on
October 8, 2012.

Additional Information and Where to Find It

This press release is neither a solicitation of a proxy nor an offer to
purchase nor a solicitation of an offer to sell shares of the Company’s
common stock, and is not a substitute for any proxy or information
statement or other filing that may be made with the SEC in connection
with the transaction. In connection with the transaction, the Company
intends to file an information statement and other relevant materials
with the SEC, and the Company and certain other persons intend to file a
Schedule 13E-3 transaction statement with the SEC. Once filed, these
documents will be available at no charge on the SEC's website at www.sec.gov.

Information regarding the interests of participants in the solicitation,
which may be different than those of the Company's stockholders
generally, will be included in the information statement relating to the
transaction when it becomes available.

About First Surgical Partners, Inc.

First Surgical operates two ambulatory surgery centers and a general
acute care hospital in the Houston area. The surgeons that utilize First
Surgical’s facilities perform non-emergency surgeries at these
locations. The procedures performed include bariatric; ear, nose and
throat; reconstructive and cosmetic plastics, orthopedics, pain
management, neurosurgery and podiatry, all of which are often completed
on an outpatient or short-stay basis. Each of First Surgical’s
facilities resides within its own limited partnership, which is wholly
owned by First Surgical. First Surgical’s website is www.firstsurgical.com.

Forward-Looking Statements

Certain statements contained in this press release may constitute
"forward-looking statements." Forward-looking statements provide current
expectations of future events based on certain assumptions and include
any statement that does not directly relate to any historical or current
fact. Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important factors as
disclosed in our filings with the Securities and Exchange Commission
located at their website (http://www.sec.gov).
In addition to these factors, actual future performance, outcomes, and
results may differ materially because of more general factors. The
forward-looking statements included in this press release represent the
Company's views as of the date of this press release and these views
could change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing the Company's views
as of any date subsequent to the date of the press release.

Contacts

First Surgical Partners, Inc.Jeannie Jones, 713-665-1111

Release Summary

First Surgical Partners, Inc. is currently considering a going-private transaction.